THE EMERGENCE OF CRYPTOCURRENCIES AS AN ECONOMIC PHENOMENON AND INTERNATIONAL EXPERIENCE IN ITS LEGAL REGULATION

Abstract

This article is devoted to the history of the emergence of cryptocurrencies, which is described as an unusual virtual monetary system that acquires a new and high level of relevance for the world economy, the conditions that caused their appearance, the issues of what technologies and systems it works on. The article also discusses the issues of circulation of cryptocurrencies, their classification, penetration into the economy of states, as well as difficulties in its legal and economic regulation. At the same time, the experience of developed countries of the world, such as the United States of America and the People's Republic of China, in the field of regulating the circulation of cryptocurrencies and their current state has been studied.